Forex QF Markets Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.3

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.5

Business 0.8

Risk Control 1.1

Software 1.8

Regulatory 1.3

Terminal Snapshot

QF Markets Trading Conditions

Registered Region South Africa

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@qfmarkets.com

Contact Number N/A

Website qfmarkets.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
Access to the advanced MetaTrader 5 trading platform
Multiple account types to cater to different trader experiences
Customer support available through email, live chat, and phone
Low minimum deposit requirement of $50

Cons

Not regulated by any recognized financial authority
Concerns about the safety and security of client funds
High risk of fraud due to unregulated status
Variable spreads can lead to unpredictable trading costs
Limited educational resources for traders

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	QF Markets	FXVIEW	Naqdi	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	South Africa	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.3/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does QF Markets Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Cent Account	Beginners	Low minimum deposit, suitable for practice	Ideal for small-capital practice
Standard Account	General Traders	Moderate spreads, access to various instruments	Flexible for different trading strategies
Premium Account	Experienced Traders	Low spreads, enhanced trading features	Requires higher initial deposit
Raw Spread Account	Professional Traders	Very tight spreads, focus on ECN trading	Higher trading volume qualifications may apply

Account Opening Process

To open an account with QF Markets, traders must complete several steps, including submitting their personal, employment, and financial information. Identity verification is required, which involves providing a form of identification and proof of address. Additionally, QF Markets offers account flexibility, allowing traders to upgrade to a professional account as their trading experience and volume increase.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	From 1.5	$0	Standard spreads for major pairs
Forex (Minor Pairs)	Varies	Varies	Variable spreads based on market conditions
CFDs (Stocks)	Varies	Varies	Depends on the stock traded
CFDs (Indices)	Varies	Varies	Based on the specific index
CFDs (Commodities)	Varies	Varies	Depends on the commodity
Cryptocurrencies (BTC/USD)	Varies	Varies	Market volatility affects spreads

Other Fees

QF Markets may charge various fees related to trading activities. These include potential deposit and withdrawal fees, inactivity fees if accounts remain dormant, and possible platform usage fees. Additionally, overnight interest (swap rates) may apply for positions held overnight, and currency conversion fees could be incurred when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

QF Markets User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Smith

Cape Town

★ ★ ★ ★ ★

I had issues withdrawing my funds from QF Markets. The support team was slow to respond and didn’t provide clear answers. I’m concerned about the safety of my funds given their regulatory status.

Lisa Johnson

Johannesburg

★ ★ ★ ★ ★

QF Markets has an excellent platform with MetaTrader 5. The trading features are advanced and user-friendly. I appreciate the diversity of trading instruments available and the quick execution speeds.

Michael Brown

Durban

★ ★ ★ ★ ★

I faced a lot of difficulties when trying to get in touch with customer support. My withdrawal took much longer than expected, and I felt left in the dark about the process. I wouldn’t recommend this broker.

Sarah Wilson

Pretoria

★ ★ ★ ★ ★

Overall, my experience with QF Markets has been positive. The low minimum deposit allowed me to start trading easily, and the variety of account types is great. However, I wish they had better educational resources for new traders.

South Africa Market